Freehold Residential Purchase Pricing

Thank you for looking at our property services. Whether you are a first-time buyer or a property portfolio owner, we are here to take the stress out of buying and selling a freehold residential property.

We will guide you through each step of your transaction and offer a service that that fits your exact requirements. Where necessary we can recommend other professionals such as Surveyors, IFA’s and property valuers and other property related businesses and trades.

At a time where money really matters, we always provide a quality service at a fair price. We will keep you up-to-date with all of the relevant information so you can make informed decisions and have complete confidence that every detail has been properly taken care of.

Why Us

We have an experienced team who understand intricacies of property transactions and the stress involved in buying, selling or re-mortgaging your property. Our approach is simple; we provide a first-class service from our expert team who will understand your needs and make the difference by interacting with all relevant parties, removing confusion and uncertainty, dealing with all of the legal details of a property transaction on your behalf.

Our team is made up of qualified and experienced Solicitors and Licenced Conveyancers who have the legal and technical “know how” to resolve issues as they arise in a professional and efficient manner. We understand that communication is key, so will make sure we are always available to answer your questions in plain English and ensure you are kept up-to-date with everything you need to know.

You will have the confidence that you are our priority, with our aim being that a member of the team is available to speak with you when you need some clarity and certainty at any stage in the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have. This may be one of  the biggest investments of your life and we not only want to provide that first-class service, but value for money and no hidden fees.

We are proud to hold  CQS Accreditations, issued by the Law Society. This involves the firm undergoing a rigorous audit process which ensures we maintain high levels of client care.

Pricing

The fees involved in any transaction are important and we review our fees on a regular basis, considering clients’ feedback so we can make sure we always offer the best value for your money.

We typically work on a fixed fee basis, ensuring that you know what the fees will be for your transaction from the outset. If, during the transaction, there is a new development, we will discuss the change in fees with you and agree a way forward. This would typically occur if you changed your instructions, or your case involves an unforeseen complexity.

Our fees are set out as:

Freehold Residential Property

Our fees cover all the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

VAT, currently 20%, will be payable on all our fees and some disbursements, and we will clearly confirm which disbursements carry VAT in our formal quotation or as we advise you to incur them.

The final quote will depend on the value and location of the property and the complexity of the transaction. We would warn you that there are some charges made by others which we will not be able to ascertain until we are instructed and make the necessary enquiries.

Note: if the lender is not standard bank/building society, but specialist lenders or the loan value is over £600,000, the fee for Acting for Lender will be higher.

* For properties with a value in excess of £900k, our average pricing ranges from £1,500 to £1,750 plus VAT (£1,800 – £2,100 Inc. VAT) which is dependent on the final value and complexity, and we will provide a final quotation within this range when we have obtained the necessary information from you. For properties over £1.25 million, we typically charge on a percentage basis which is 0.1% of purchase price/sale price plus £500 plus VAT. All other fees will remain the same irrespective of value of property.

** For residential property purchases using a corporate vehicle (purchasing a residential property through a Limited company) there is a supplemental fee of £250.00 plus VAT (£300.00 Inc. VAT) plus £22.20 companies house filing fee. This is due to company’s house registration requirements and additional documents required for lending purposes.

Our average fees assume that: 

• This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction.
• For Leasehold matters this is the assignment of an existing lease and is not the grant of a new lease.
• The transaction is concluded in a timely manner and no unforeseen complications arise.
• All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
• No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. We will only charge you the actual amount we pay out to third parties and there will be no additional charge on it. 

For land registry fees please see : https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Disbursements  may be subject to change if further information relating to your property becomes available, for example, if you require additional searches 

Stamp Duty Land Tax

This will depend on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website here.

The estimated Grand Total of the transaction will be confirmed in your client care documents

Exclusions

We do not undertake tax advice.

Our fees are fixed, however there may be factors which would typically increase the cost of the fees estimated above. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.

Factors that may lead to an increase in cost include:

• If a legal title is defective or part of the property is unregistered
• If you discover building regulations or planning permission has not been obtained
• If crucial documents, we have previously requested from you have not been provided to us
• If the property is a new build
• If any indemnity insurance is required
• If you require to exchange within 6 weeks of instructing us
• If you require completion within 6 weeks of instructing us
• If additional statutory declarations or other documents specific to your transaction is required.  

Timescales

For any transaction, the timescales are subject to change depending on when your offer is accepted and factors involved such as:

• Number of parties in the chain
• Whether you have a mortgage in place
• Whether you are buying a new build property

A typical transaction will take between  6 – 8  weeks. However, if any of the above apply, or there are other factors we need to take into consideration, it may increase the time by a further 4-6 weeks or longer and additional charges may occur. We will discuss this with you at the earliest opportunity so you always have a clear picture of how long things are likely to take.

Key Milestones

With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:

• Taking your instructions and give initial advice based on the information you have provided
• Checking finances are in place to fund the purchase and contacting the lender’s solicitors if needed
• Receiving and advising on contract documents
• Undertaking searches
• Obtaining further planning documentation if required
• Making any necessary enquiries of the seller’s solicitor
• Providing advice on all documents and information received
• Advising you of the mortgage offer conditions
• Finalising contracts and sending to you for signature
• Agreeing a completion date (the date from which you will legally own the property)
• Exchanging contracts and notifying you that this has happened
• Ensuring all monies have been received from you and the lender(s)
• Completing the purchase
• Dealing with payment of Stamp Duty/Land Tax
• Completing and submitting an application for registration at the Land Registry

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